Net sales, net income, and total assets for Regal Clothing Emporium for a four-year period follow: Requirements
Question:
Requirements
1. Compute trend percentages for each item for 20092012. Use 2009 as the base year.
2. Compute the return on assets for 20102012, rounding to three decimal places.
3. Regals main competitor had a return on assets of just under 12% for the years 2010 through 2012. How does Regal Clothing Emporiums return on assets compare with its maincompetitor?
Transcribed Image Text:
(in thousands) Net Sales Net Income Ending Total Assets 2012 2011 2010 2009 $1,350 S1,200 $1,150 $1,025 82 77 53 49 650 620 550 500
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Req 1 Regal Clothing Emporium Trend Percentages 2012 2011 2010 2009 Net sales 132 117 ...View the full answer
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